Short Interest in Camping World Holdings, Inc. (NYSE:CWH) Drops By 7.1%

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 7,380,000 shares, a decrease of 7.1% from the March 15th total of 7,940,000 shares. Approximately 17.8% of the company’s stock are short sold. Based on an average trading volume of 905,300 shares, the short-interest ratio is currently 8.2 days.

Camping World Stock Performance

Shares of CWH opened at $21.47 on Thursday. Camping World has a 52-week low of $16.18 and a 52-week high of $32.88. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55. The firm has a 50-day moving average price of $25.90 and a 200 day moving average price of $23.56. The firm has a market capitalization of $1.82 billion, a PE ratio of 41.29 and a beta of 2.60.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. On average, sell-side analysts anticipate that Camping World will post 1.06 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 2.33%. Camping World’s dividend payout ratio (DPR) is 96.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on CWH shares. Citigroup increased their target price on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Truist Financial upped their price target on shares of Camping World from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. KeyCorp upped their price target on shares of Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Finally, Stephens restated an “overweight” rating and set a $28.00 price target (up previously from $26.00) on shares of Camping World in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.64.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the sale, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Gendell Jeffrey L grew its position in Camping World by 68.0% in the third quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock worth $6,856,000 after buying an additional 135,900 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Camping World by 13.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock valued at $7,497,000 after acquiring an additional 42,767 shares in the last quarter. Adirondack Retirement Specialists Inc. grew its holdings in shares of Camping World by 25.8% during the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 305,294 shares of the company’s stock valued at $6,231,000 after acquiring an additional 62,519 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Camping World by 40.8% in the 3rd quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock valued at $7,916,000 after purchasing an additional 112,478 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Camping World in the 3rd quarter valued at $918,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.